Turbopower has agreed to move its headquarters from Miami Lakes to Opa-locka in a $20 million transaction.
The aircraft engine service provider signed a 15-year lease to relocate to AVE Aviation & Commerce Center at Opa-locka Executive Airport, South Florida Business Journal reported. AVE developer Cpf Investment Group is building a 100,000-square-foot facility for Turbopower at the 178-acre business park. Construction is scheduled to begin during the first quarter of 2014.
Turbopower joins a growing roster of tenants at AVE including Goodyear, Banyan Air Services, Kinetic Concepts and the U.S. Postal Service. The company was represented by Carlos Velasquez of Vivo Real Estate Group. Ernesto Casal of Casal Group represented the landlord. [South Florida Business Journal] — Eric Kalis